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Reader´s Digest Publisher Succumbs to Bankruptcy Again
FOXBusiness, by Matt Egan
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Original Article
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Posted By:SallyHerigstad, 2/18/2013 11:24:29 AM
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| In a bid to slash $465 million of debt, Reader’s Digest parent RDA Holding Co. filed for Chapter 11 bankruptcy over the weekend for the second time in less than four years. The media company said it has reached a deal with its largest creditor, Wells Fargo (WFC), and more than 70% of its secured noteholders on a financial restructuring plan that includes the Chapter 11 filing.
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Comments: I used to love Reader´s Digest. It got to be repetitive and simplistic, so I cancelled.
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Reply 1 - Posted by:
lylacat, 2/18/2013 11:34:27 AM (No. 9182962)
What is wrong with a country that will allow banks to give someone who went bankrupt ... now give them another $465 million less than four years after the first time they go bankrupt. I will tell you why, because the banks get to keep a saver´s money, pay them NO interest, and when they lose this $465 million dollars, the banks can pass the loss on to the taxpayers. This is a really sick way to run a country.
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Reply 2 - Posted by:
bamapreacher, 2/18/2013 11:38:50 AM (No. 9182979)
I, too, used to love Reader´s Digest but in recent years it has become little more than a tabloid. Very sad because it used to include condensations of articles by good writers. Now the writers are little more than average bloggers.
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Reply 3 - Posted by:
LouD, 2/18/2013 12:29:37 PM (No. 9183110)
The Digest has become a liberal piece of crop, useless as used toiler paper.
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Reply 4 - Posted by:
avikingman, 2/18/2013 12:29:38 PM (No. 9183111)
It went from conservative to lib owners. That´s the problem in a nutshell.
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Reply 5 - Posted by:
MissMann, 2/18/2013 12:34:48 PM (No. 9183122)
I bought a subscription for my middle school classroom, but I haven´t been able to bring in the most of the issues because of all the tasteless content. The highly advertised "Humor" issue was cover-to-cover tasteless jokes about sex, adultery, etc. Ugh. The big article in this month´s issue that won´t make it into the classroom: Elvis´ illicit affair with Ann-Margaret!
In true liberal fashion, the publishers believe only trash sells. Obviously they are wrong, but reality does not seem to be making much of an impact on them.
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Reply 6 - Posted by:
JimS, 2/18/2013 12:41:09 PM (No. 9183141)
Haven´t read RD in years, though I see it on the rack in my physician´s office. It´s demise can be blamed on two things. First, that people read less today (especially printed material vs. internet). And, most important, RD went liberal, PC many years ago. It advocatesfor bigger government, more entitlements, and is full of global warmism.
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Reply 7 - Posted by:
Keekng, 2/18/2013 1:22:41 PM (No. 9183212)
The RD problems began when it switched from informative to a liberal propaganda rag. Bankruptcy suits them.
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Reply 8 - Posted by:
tennman, 2/18/2013 1:51:17 PM (No. 9183282)
I do continue to read RD (an annual present from my mother) but have noticed a shift left. The articles all seem to be cookie-cutter, with a large number being "little guys" fighting big-bad corportations. The mag is also about 25% drug ads, complete with disclaimers. Not much real content any more.
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Reply 9 - Posted by:
JHHolliday, 2/18/2013 2:12:24 PM (No. 9183328)
As most of you I used to love RD. Good humor, interesting stories, famly friendly, patriotic, etc.
Then they sold and took a left turn. When leftists obtain any kind of media they simply cannot resist turning it into one of their propaganda tools. They feel it´s their ´moral duty´ to tell the rest of us what to think and what to do.
Not very smart to cut out half of your readers while print media is under fire from all sides and Obama´s recession grinds on...
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Reply 10 - Posted by:
LamontCranston, 2/18/2013 5:56:27 PM (No. 9183693)
It is a shadow of itself. It USED to publish condensed articles from a wide variety of magazines and newspapers. Those are gone as are the condensed books. It used to be a conservative magazine that sometimes broke big stories. RD was the first to publish news about the killing fields in Cambodia for example. They have completely lost their focus.
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Most Recent Articles posted by "SallyHerigstad"
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Reader´s Digest Publisher Succumbs to Bankruptcy Again
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FOXBusiness, by Matt Egan
Original Article
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Posted By: SallyHerigstad- 2/18/2013 11:24:29 AM
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In a bid to slash $465 million of debt, Reader’s Digest parent RDA Holding Co. filed for Chapter 11 bankruptcy over the weekend for the second time in less than four years. The media company said it has reached a deal with its largest creditor, Wells Fargo (WFC), and more than 70% of its secured noteholders on a financial restructuring plan that includes the Chapter 11 filing.
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Dr. Ben Carson should apologize to President Obama
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FoxNews.com, by Cal Thomas
Original Article
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Posted By: SallyHerigstad- 2/12/2013 12:53:24 PM
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Our politics have become so polarized and corrupted that a president of the United States cannot even attend an event devoted to drawing people closer to God and bridge partisan and cultural divides without being lectured about his policies. Last Thursday at the National Prayer Breakfast in Washington, D.C., Dr. Ben Carson, director of Pediatric Neurosurgery at Johns Hopkins University in Baltimore, and a 2008 recipient of the Presidential Medal of Freedom, broke with a 61-year-old tradition and publicly disagreed with some of the president´s policies, such as "ObamaCare," taxation and the national debt.
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Anti-toy gun campaign re-launched after Connecticut tragedy
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Associated Press, by Staff
Original Article
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Posted By: SallyHerigstad- 12/27/2012 1:28:53 AM
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Santa Monica, Calif. - A crusade against toy guns that began in 1987 is being re-launched following the elementary school shooting in Connecticut that left dozens dead. Santa Monica activist Jerry Rubin says a personalized merit award will be sent to children who write to him about why they don´t like playing with toy guns. Rubin says his anti-toy gun project used to reward children who sent in their toy guns with teddy bears in exchange, but stopped after he ran out of the 5,000 donated stuffed animals. Less than two weeks ago, 20 children and six adults were gunned down
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Former British prime minister Baroness Thatcher dies peacefully at the age of 87 after suffering a massive stroke
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Daily Mail [UK], by James Nye
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Posted By: Attercliffe- 4/8/2013 8:55:39 AM
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Margaret Thatcher, the first female British Prime Minister who gained worldwide renown as the Iron Lady has died aged 87. Developing a formidable partnership with President Ronald Reagan during the 1980s, Mrs. Thatcher stood up to the ´Evil Empire´ of the Soviet Union, eventually witnessing its collapse. [Snip] Responding to her death, Buckingham Palace said, ´The Queen is sad to hear the news of the death of Baroness Thatcher and Her Majesty will be sending a private message of sympathy to the family, Buckingham Palace said today.´ British Prime Minster David Cameron said on hearing of her passing, ´It was
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Obama says he´s ´determined as ever´ for gun bill
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Associated Press, by Nedra Pickler
Original Article
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Posted By: Desert Fox- 4/8/2013 10:27:49 PM
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HARTFORD, Conn. -- With time running out on the chance to pass gun control legislation, President Barack Obama on Monday warned Congress not to use delaying tactics against tighter regulations and told families of the Sandy Hook Elementary School shooting victims that he´s "determined as ever" to honor their children with tougher laws. Obama´s gun control proposals have run into resistance on Capitol Hill, leaving their fate in doubt. Efforts by Senate Democrats to reach compromise with Republicans over expanding required federal background checks have yet to yield an agreement, and conservatives were promising to try
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Kim Jong-un Wants Phone Call from Obama - report
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Korea Broadcast Service, by Staff
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Posted By: Desert Fox- 4/8/2013 6:56:50 AM
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North Korea’s young leader Kim Jong-un is waiting for United States President Barack Obama to make a phone call to Pyongyang to discuss easing tensions on the Korean peninsula, according to Russia’s news agency Itar-Tass. The report cited United Kingdom diplomats, saying Pyongyang was demanding the U.S. president personally call Kim Jong-un as one of the conditions to relieve the current conflict at hand. Itar-Tass also quoted the U.K.’s Sky News as saying North Korea currently has eight nuclear warheads.
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Christians, here´s why we´re losing our religion
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Fox News, by Craig Groeschel
Original Article
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Posted By: STLstudent- 4/7/2013 5:13:55 PM
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Recent research indicates that the number of people who do not consider themselves a part of an organized religion is steadily on the rise. Interestingly enough, though the number of those religiously unaffiliated is increasing, there is little to no trend in the number of those who express atheist or agnostic beliefs. People aren’t saying they don’t believe in God. They’re saying they don’t believe in religion. They are not rejecting Christ. They are rejecting the church. This begs the question, “Why are we losing our religion?”
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´Mickey Mouse Club´ star Annette Funicello dies at 70
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Los Angeles Times, by Dennis McLellan
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Posted By: JoniTx- 4/8/2013 1:18:00 PM
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Annette Funicello, the dark-haired darling of TV´s “The Mickey Mouse Club” in the 1950s who further cemented her status as a pop-culture icon in the ´60s by teaming with Frankie Avalon in a popular series of “beach” movies, died Monday. She was 70. Funicello, who was diagnosed with multiple sclerosis in 1987 and became a spokeswoman for treatment of the chronic, often-debilitating disease of the central nervous system, died at Mercy Southwest Hospital in Bakersfield, Walt Disney Co. spokesman Howard Green said. Funicello and her husband, Glen Holt, had moved from
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White House: Planned GOP gun filibuster cowardly
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Washington Times, by Dave Boyer
Original Article
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Posted By: Dreadnought- 4/8/2013 11:08:31 PM
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Beginning a week of high pressure on gun control, the White House on Monday accused some Republican senators of cowardice for planning to filibuster gun legislation without allowing the full Senate to vote on President Obama’s initiatives. “If they oppose this legislation, have the courage to say so on the floor and vote no,” said White House press secretary Jay Carney. “Don’t block it. Don’t hide behind a procedural action to prevent a vote. That’s the wrong thing to do, and that’s how the president clearly feels.”
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Chelsea Clinton doesn´t close door to public office
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USA Today, by Catalina Camia
Original Article
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Posted By: jackson- 4/8/2013 10:23:20 AM
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Chelsea Clinton has raised her profile in the last few days, which sparked the inevitable question about the former first daughter´s future: Will she ever be like Mom and Dad and run for office? Clinton, 33, essentially said "maybe" in an interview that aired Monday on NBC´s Today show. "Right now I´m grateful to live in a city, a state and a country where I strongly support my mayor, my governor, my president and my senators and my representative," said Clinton, whose father, Bill, was president from 1993-2001 and her mother, Hillary
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Special ops veterans’ group calls for select probe of Benghazi attack
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Fox News, by Catherine Herridge
Original Article
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Posted By: JoniTx- 4/8/2013 7:00:09 AM
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More than 700 Special Operations veterans are urging members of Congress to back a select committee to investigate last year’s Benghazi terrorist attack, according to a letter first obtained by Fox News. The letter from the group, “Special Operations Speaks,” supports the appointment of a special committee tasked with the single mission of investigating the attack that left Ambassador Christopher Stevens and three other Americans dead, and shut down the CIA operation in an annex of the Benghazi consulate, in the Sept. 11, 2012 attack. “Congress must show some leadership and provide answers to the public
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Obama flying 11 relatives of Sandy Hook victims to D.C. on Air Force One so they can back gun control in person
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Associated Press, by Staff
Original Article
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Posted By: BuckeyeRon- 4/8/2013 4:05:18 PM
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President Barack Obama is bringing 11 relatives of those killed in the shooting at Connecticut´s Sandy Hook Elementary School to Washington on Air Force One on Monday so they can personally encourage senators to back gun legislation that faces tough opposition. A nonprofit organization that works with the families, Sandy Hook Promise, said that after Obama´s speech on gun control in Hartford, he is flying with relatives of seven children and one staffer killed during December´s massacre at the school. The White House says Obama is going to argue that lawmakers have an
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Updated: White House, McCain blast Cruz for threatening filibuster over guns
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Houston Chronicle, by Joanna Raines
Original Article
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Posted By: JoniTx- 4/8/2013 4:55:05 PM
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There was growing buzz over the weekend that a bipartisan agreement on gun control — a deal that would expand background checks — could hit the floor as early as this week. However, any deal could be derailed by the looming threat of a Republican filibuster involving Texas Sen. Ted Cruz. With Cruz standing proudly in the way of any gun legislation, Democrats are trying to make him pay a political price — and even a couple of high-profile Republicans are questioning his tactics.
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North Korea´s Army Is Full of Jumping, Leaping, High-Kicking Martial Artists
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Atlantic, by Connor Simpson
Original Article
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Posted By: Pluperfect- 4/8/2013 5:48:23 AM
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Amid all of the very real threats of war and stuff from North Korea, you´d think American intelligence officers want as much video footage of the enemy as possible. Well, here is one video featuring North Korean exercises and Kim Jong-Un holding a gun, and we´ll say this: they certainly get points for presentation. Remember the clap-happy report from Dennis Rodman´s diplomatic basketball vacation? This video comes courtesy of the same Youtube channel that gave us that Rodman video. It appears to be the same state news channel.(Snip for video)This latest dispatch from North Korea´s state television
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Gay Connecticut couple accused of raping adopted children will face trial
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New York Daily News, by Erik Ortiz
Original Article
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Posted By: Drive- 4/8/2013 8:52:23 AM
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The case of a same-sex Connecticut couple accused of repeatedly raping and abusing two of their nine adopted boys is headed for trial. Married couple George Harasz and Douglas Wirth of Glastonbury were supposed to be sentenced Friday in Hartford Superior Court under a plea deal, but instead withdrew from their agreement with prosecutors. The men had already pleaded no contest in January to one felony count each of risk of injury to a minor — a reduction from even more serious charges related to sexual assault....
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